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ButterflyMX: Proptech provider offers smartphone-based property access solutions for multi-tenant buildings, simplifying secure entry.
Based in Brooklyn, New York, ButterflyMX provides smartphone-based property access solutions, including smart video intercoms, elevator controls, security cameras, and package rooms, for multi-tenant residential and commercial buildings. The proptech company operates at significant scale within the real estate sector, generating approximately $65,600,000 in revenue while employing a workforce of over 350 people. Its integrated hardware and software platform is currently deployed across 17,000 properties worldwide, facilitating secure entry for 1,500,000 daily users and recording more than 122 million door opens. To support continued expansion across multifamily and gated communities, the enterprise has secured $108,600,000 in total funding from prominent institutional investors including FTV Capital, JMI Equity, Volition Capital, and Lead Edge Capital. ButterflyMX was founded in 2014 by Cyrus Claffey, Matthew Knoff, Kunal Shah, and Ivan Mihalj, and is led by CEO Aaron Rudenstine.
ButterflyMX has raised $128.0M across 5 funding rounds.
ButterflyMX has raised $128.0M in total across 5 funding rounds.
ButterflyMX has raised $128.0M in total across 5 funding rounds.
ButterflyMX's investors include Suken Vakil, Volition Capital, Westlake Village BioPartners, Barbara Lubash, Robert Chefitz, RiverPark Ventures, Roger Hurwitz, Stifel Venture Bank, Egis Capital, 75 & Sunny, Silverton Partners.
ButterflyMX is a New York–based proptech company that builds cloud-native video intercoms and property access-control systems allowing residents, staff, and visitors to open doors, gates, elevators, and vehicle entries from a smartphone while centralizing cameras, package-room features, and access policies in one platform[1][2].
High‑Level Overview
Origin Story
Core Differentiators
Role in the Broader Tech Landscape
Quick Take & Future Outlook
Quick reiteration: ButterflyMX is a cloud‑native property access and video intercom company that replaces keys and fobs with a modular platform of smartphone‑driven hardware and software, positioned to expand as smart‑building and contactless access trends accelerate[1][2][4].[1][2][4]
ButterflyMX has raised $128.0M across 5 funding rounds. Most recently, it raised $50.0M Series D in December 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Dec 1, 2021 | $50.0M Series D | Suken Vakil | Volition Capital, Westlake Village BioPartners, Barbara Lubash, Robert Chefitz, RiverPark Ventures |
| Sep 29, 2020 | $35.0M Other Equity | Roger Hurwitz | Robert Chefitz, RiverPark Ventures, Stifel Venture Bank |
| Sep 1, 2020 | $35.0M Series C | Volition Capital | Westlake Village BioPartners, Barbara Lubash, Egis Capital, RiverPark Ventures, Stifel Venture Bank |
| Aug 1, 2018 | $6.0M Series A | 75 & Sunny, Silverton Partners | |
| Jul 1, 2017 | $2.0M Seed | 75 & Sunny, Silverton Partners |